Fehrer wraps HUF 3.48 bln plant expansion

Telco

Fehrer Automotive-Raba, which produces foam products for car seats, completed a HUF 3.48 bln expansion at its base in Mór, central Hungary, according to state news agency MTI. 

Fehrer used the funds, HUF 639 mln of which were provided by a grant from the European Union, to renovate its production hall, build a warehouse, install three production lines and improve its infrastructure.

The investment has also seen to the creation of 100 new jobs raising headcount to 381. Last year, Fehrer reported revenue of €35.4 mln and €2.4 mln in operating profit.

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